Question $22$ of $40$

$\frac{-}{2\mathrm{.}5}$

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At December $31,2024,$ Wildhorse Company had $2100000$ shares of common stock outstanding. On January $1,2025,$ Wildhorse issued $499000$ shares of preferred stock which were convertible into $1100000$ shares of its common stock. In $2025,$ Wildhorse declared and paid $$1110000$ cash dividends on the common stock and $$392000$ cash dividends on the preferred stock. Net income for the year ended December $31,2025,$ was $$5024000.$ Assuming an income tax rate of $30\%,$ what was diluted earnings per share for the year ended December $31,2025?$

$$1\mathrm{.}57$

$$1\mathrm{.}95$

$$1\mathrm{.}40$

$$2\mathrm{.}39$

$$ Attempts: $0$ of $1$ used $$